Real Estate Trends in Ottapalam, Kerala

Ottapalam is a small village in Palakkad falling under Ottapalam taluk. For tourists outside the state of Kerala, the airport to connect to this town is Calicut International Airport.

If you stay or work near Ottapalam and looking for a house to buy or rent in Ottapalam, then you can contact OMG Properties which are the best in this business. There are various kinds of houses available in Ottapalam, like 1 BHKs, 2BHKs, villas, bungalows.

You should choose the type of house that suits your family requirements. In fact, there are empty plots of lands available in Ottapalam, where you can create your own house. OMG Properties can help you in this regard too. You will get expert help from OMG Properties, regarding the material to be used in the construction of houses in Ottapalam and the engineering technologies to be employed.

Villas in Ottapalam, Kerela

If you have 3-4 persons or even 5 persons, then a villa would be the best choice for you. There are different budgets for villas, starting from 20 lacs to 65 lacs. The price range mainly varies based on the area of the villa.

Along with this, the villas within the low price range will have 1 or 2 BHKs, whereas, villas ranging for more than 40 lacs would have 4-5 BHKs. You may get a fully specialized gym, children park, conference rooms based on the variety of price range.

These days, such villas have become very popular among middle-class families. These villas are also called independent houses and include more than two bathrooms depending on the size of the house. Therefore, it is very helpful for smaller families who expect guests once or twice a year in their house.

Such villas or independent houses are mostly bought by people who have small families and are looking for a permanent residence in Ottapalam.  There are many villas for sale in Ottapalam with the latest amenities and that too at moderate prices, you can contact OMG Properties. They can offer you beautiful villas in environment-friendly locations.

Flats in Ottapalam, Kerela

These are less common in Ottapalam than the villas. These are appropriate for bachelors or students who cannot afford to buy villas or not looking for a permanent residence in Ottapalam.

Therefore, rented apartments or flats are better for them. In fact, in Ottapalam you can even get a 2 BHK flat for rent within Rs.5,000. You may go for a furnished or unfurnished apartment. You will get the electricity supply and free internet services in some apartments.

If you are working nearby, then you should think of renting a furnished apartment as you would require a bed, a working desk, and some kitchen utensils as the bare minimum. One way to save some bucks is to rent a 2 BHK apartment with a fellow colleague or a classmate and share all the related costs.

If you are currently working in Palakkad and looking for shifting your home in Ottapalam, then you should think of buying a flat. In that case, the cost will range between 18-50 lacs depending on the area of the apartment.

Whether you decide to buy a villa or an apartment, you must apply for a home loan in any bank of Ottapalam. You will have to show a certain property of yours as a security to the bank. Otherwise, your home loan will not be sanctioned.

Plots of land in Ottapalam, Kerela

The third and lesser popular option is buying a large plot of land to build a house. This is generally common among service persons who are looking forward to settling down in the peaceful locations of Ottapalam after their retirement or businesspersons who want to construct hotels and restaurants for tourists in Ottapalam.

Depending on the size of the plot the price may rise to 2 crores or higher. You must register the land with the government. You would require to hire a lawyer to check the details of the contract. You should not create a kind of house that is not permitted by the government on that plot.

Otherwise, you will be charged with encroachment fees and you will have to face unnecessary legal hassles. You will also require expert advice as to what materials to use or how the construction process to be started. You should hire professionals who know their job for more than a decade.

OMG Properties is one such organization that can help you with the various materials required to build the house, expert advises and lots more.

Conclusion

As you may see, Ottapalam has a lot of offer to various types of customers. The choice of the real estate where you wish to invest depends on the category of your requirement. You can match your requirement and current investment capital available at hand to buy a flat or a villa or a plot of land.

Guest Author/submitted by: Krishnendu B P

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